Author: Lalita
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China: Supply tightness supports iron ore spot price
The spot price of iron ore Fe 62% fines rose by $1.35/t on 28 Jun’21 to settle at $220.05/t, CFR China, on tight availability of mainstream fines amidst strong demand. End-users preferred procuring on the basis of immediate requirements, while lack of spot market offers further bolstered the market. DCE iron ore futures, on the…